Car Buying Advice - Why Lease?

lazy_bones

I priced a new CRV at the dealership, with a trade-in. They offered $15,000 for my trade-in, and I could have the CRV I wanted for an additional $19,330. I asked about a lease. They would credit half my trade-in as a down payment, I would pay over $12,000 in three years for lease payments, and the buyout at the end of three years was the same $19,330. It looks to me like leasing just put 12,000 more dollars in their pocket. I don't understand the advantage of leasing over purchasing.

kyfdx

lazy_bones said:

I priced a new CRV at the dealership, with a trade-in. They offered $15,000 for my trade-in, and I could have the CRV I wanted for an additional $19,330. I asked about a lease. They would credit half my trade-in as a down payment, I would pay over $12,000 in three years for lease payments, and the buyout at the end of three years was the same $19,330. It looks to me like leasing just put 12,000 more dollars in their pocket. I don't understand the advantage of leasing over purchasing.

It varies by model and lease program. The current program for the CR-V isn't conducive to leasing.